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Home Q & A Board Other Fields Homework Help Business Accounting
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dillon_green23 dillon_green23
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5 years ago
At a minimum, a switch to IFRS from GAAP will affect companies' accounting information system by

• requiring companies to increase the processing power of their existing accounting information systems.

• requiring IT departments to hire programmers that are fluent in languages besides English.

• requiring the creation of additional fields in research and development (R&D) records to capture information about the stage of research and development that costs are incurred in.

• requiring firms to completely redesign their existing accounting information systems because current systems are not compatible with IFRS accounting principles.
Textbook 
Accounting Information Systems

Accounting Information Systems


Edition: 14th
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kamronetkamronet
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5 years ago
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dillon_green23 Author
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5 years ago
Correct Slight Smile TY
kc123
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Yesterday
this is exactly what I needed
nsak
wrote...

2 hours ago
Smart ... Thanks!
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